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Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do
Sovereign's $3bn deal tightens well as Asian demand returns
The sovereign's public and private bonds of similar maturities are trading over 25bp apart

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  • ING Bank’s Manuel Salak, clients coverage and corporate finance head for Asia, is retiring after 23 years at the firm, according to a Monday press release.
  • The Shanghai International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange, has issued articles of association, general rules and contract specifications that take it closer to introducing crude oil futures.
  • Turkey’s largest private sector bank, Turkiye Is Bankasi (Isbank), signed a $1.3bn syndicated loan on Monday, bringing the first round of Turkish bank loan refinancings this year to an end.
  • Slovenian Sovereign Holdings (SSH), which manages Slovenian state assets, has begun the privatisation of Nova Ljubljanska Banka, the country’s largest bank, having published an intention to float document on Monday morning.
  • The provinces of Buenos Aires and Mendoza are planning to join the list of Argentine issuers opting to sell peso-linked debt after recent deals by YPF and Banco Macro.
  • A seasoned equity-linked banker formerly with several bulge bracket firms in Hong Kong has moved to a local brokerage.